Guideline Value for Vasudevan Nagar

Vasudevan Nagar guideline value

The current guideline value of Vasudevan Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Adhanoor village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Vasudevan Nagar has changed

The guideline value for Vasudevan Nagar has undergone several revisions over the years. In 2007, the guideline value was Rs 200 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012. This was a significant increase of 400%. However, the value then decreased to Rs 670 per sq.ft in 2017, marking a decline of 33%. The 2023 revision maintained the value at Rs 1,000 per sq.ft, and the current 2024 revision also holds the same figure, indicating no change from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 400%.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value, ranging from Rs 670 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 1,000 per sq.ft, which is equal to the current guideline value of Vasudevan Nagar.

• Vatchala Garden: Rs 1,000 per sq.ft (2024)
• Vatchala Garden II: Rs 1,000 per sq.ft (2024)
• Vatchala Garden Phase -II: Rs 1,000 per sq.ft (2024)
• Vedachalam Nagar: Rs 1,000 per sq.ft (2024)
• Velan Nagar: Rs 1,000 per sq.ft (2024)
• Venkatesh Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Vasudevan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty, charged at 7%, would be Rs 70,000, and the registration fee, charged at 2%, would be Rs 20,000, bringing the total to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vasudevan Nagar?

The Sub Registrar Office that covers Vasudevan Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Adhanoor

The guideline value is a critical factor in the registration process when buying or selling property in Adhanoor. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations and to calculate the necessary fees accurately.

During property registration, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Vasudevan Nagar?

The current guideline value of Vasudevan Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and remained at Rs 1,000 per sq.ft in both 2023 and 2024.

What are the other streets in Adhanoor with the same guideline value?

Other streets in Adhanoor with a guideline value of Rs 1,000 per sq.ft include Vatchala Garden, Vatchala Garden II, Vatchala Garden Phase -II, Vedachalam Nagar, Velan Nagar, and Venkatesh Nagar.

What is the stamp duty for property in Vasudevan Nagar?

The stamp duty for property in Vasudevan Nagar is 7% of the guideline value. For a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 70,000.

Where can I find the Sub Registrar Office for Vasudevan Nagar?

The Sub Registrar Office for Vasudevan Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.